Exercises · Q8
Q.Suppose you are from a poor family and you wish to get help from the government to set up a petty shop. Under which scheme will you apply for assistance and why?
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Start your 14-day free trial to unlock the full solution →Apply under PMRY — it gives the educated unemployed from low-income families finance to set up any self-employment enterprise, which a petty shop is (SJSRY / an SHG loan are urban alternatives).
To set up a petty shop, I would apply under the Prime Minister's Rozgar Yojana (PMRY).
Why PMRY:
- A petty shop is a form of self-employment, and PMRY is a self-employment programme meant exactly for this.
- PMRY provides financial assistance to the educated unemployed from low-income families in both rural and urban areas — which fits someone from a poor family.
- The help can be used to set up any kind of enterprise that generates employment, including a small shop.
Alternatives for the same purpose: …
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